Market News
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East Africa secures US$31mn fund to expand electricity grid
Posted on :Friday , 27th November 2015
Seychelles has secured US$31mn in funding from Arab Bank for Economic Development in Africa (BADEA) and the Saudi Fund for Development to improve electricity network in the island nation
seychelles grid saraj flickrThe 33kV transmission and distribution network will start at the Roche Caiman power station.The joint loan will be utilised by country’s Publ. . .Africa\'s renewable energy sector holds investment potential worth US$13bn
Posted on :Friday , 27th November 2015
Egypt’s renewable energy sector has a potential opportunity of around US$13bn for private sector financing over the next five years, according to industry reports
renewable egypt tomas74 pixabayThere are more than 4,000MW in renewable energy projects currently under development in Egypt, split between wind and solar.As the North African country’s i. . .Bloomberg survey ranks Kenya sixth in green power generation
Posted on :Thursday , 26th November 2015
Kenya is now among top ten nations in regards to green power generation, a report released by Bloomberg New Energy Finance shows.
The 2015 Climatescope Index ranks Kenya sixth out of 55 countries that are investing in wind, solar geothermal and other renewable power generation worth US$126bn of investments.Energy Regulator. . .More hydro power stations in East Africa to be constructed
Posted on :Wednesday , 25th November 2015
Plans to construct more hydro power stations in Uganda are in the pipeline in a bid to generate 2,550 MW aimed at boosting its goal to industrialize, the country’s president Yoweri Museveni has said.
Museveni said that his government is on a campaign trail to industrialize the northern part of the country.“Northern U. . .Siemens signs power plant construction deal with Africa
Posted on :Tuesday , 24th November 2015
Siemens has penned down a power plant construction deal with Egypt to fund of the power project that they are set to construct in the country.
The financial closure agreement with German industrial giant Siemens will see Orascom Construction, and El-Sewedy Electric fund the construction of three electricity production undertakings in Egypt.The lon. . .Please Select an Option
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